Latest Electronic Data Systems Corp (EDS) News: Finextra Research

EDS wins $250 million IT outsourcing deal with Malaysian bank

Malaysia's Bumiputra-Commerce Bank (BCB) has signed a ten-year multi-million dollar contract with EDS to outsource the management and operation of the technology infrastructure for its new financial IT and back office processing subsidiary, Epic-I.

10 January 2002

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EDS deploys PeopleSoft HR package for CIBC

EDS Canada has licensed PeopleSoft 8 Human Resources Management Systems (HRMS) as part of an HR outsourcing contract for Canadian Imperial Bank of Commerce.

04 December 2001

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Fin-Force prepares for payments outsourcing with Pegasystems

Fin-Force, a joint venture company established by Beglium's KBC and EDS to offer outsourced payment services to banks, has contracted with Pegasystems for its rules-driven process automation technology, PegaCRM Investigations.

29 October 2001

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Westpac outsources mortgage processsing to EDS

Westpac Banking Corporation has selected EDS to manage its mortgage processing operations in Adelaide. Details of the agreement are to be finalised by October.

16 August 2001

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Commonwealth Bank Group of Australia automates all enterprise workflow processes

Staffware, a leading business process automation company, has signed a £1 million-plus contract with IT giant EDS to provide a Web-enabled workflow system across the banking group's entire operations.

13 July 2001

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EDS and Abbey ratify £390 million mortgage deal

EDS has ratified an agreement with UK lender Abbey National to create the UK's largest third party mortgage administrator. Under the terms of the ten year deal, EDS will receive £390 million from the bank to provide business process management services to the new venture.

03 May 2001

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CIBC outsources human resource functions to EDS

Canadian Imperial Bank of Commerce is to outsource human resource operations and technology services to EDS Canada in a C$227 million agreement beginning in June 2001.

03 April 2001

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EDS extends $62 million electronic broker contract

EDS has won a seven-year, $62 million contract to continue to support electronic broker EBS' global network infrastructure.

27 February 2001

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Abbey and EDS create mortgage processing company

Abbey National and Electronic Data Systems (EDS) are to create a joint venture company to provide outsourced mortgage processing services for European banks.

13 February 2001

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EDS wins $300 million IT outsourcing deal with UK life company

UK-based Liverpool Victoria Friendly Society Limited has signed a 10 year contract with EDS to outsource the management and operation of its entire information technology infrastructure, including computing and printing operations and all software maintenance and development.

07 December 2000

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EDS to handle IT merger for Commonwealth and Colonial

EDS has been selected to manage the technology integration resulting from Australia's largest-ever merger - between the Commonwealth Bank of Australia and Colonial Limited. The deal follows from a full-scale IT outsourcing contract signed by the Commonwealth Bank and EDS in September 1997.

06 July 2000

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